Following the last trading window, the US Bitcoin Spot ETFs have recorded another week of overwhelming net outflows with investors pulling over $900 million from the market. This development marks the fifth consecutive week of redemptions indicating weak market confidence among institutional investors of the premier cryptocurrency. Bitcoin Institutional Investors Withdraw For The Fifth Straight…
Tag: BTCUSDT
Bitcoin’s Cup And Handle Pattern Signals Explosive Move To $186,000 — Analyst
Popular market analyst Egrag Crypto has dropped a Bitcoin price prediction due to the recent formation of a highly bullish chart pattern. The maiden cryptocurrency currently trades above $84,000 following its minor recovery in the latter part of last week. However, the continuity of the current bull run remains uncertain barring a sustained uptrend. Bitcoin’s…
Is Bitcoin Price Headed For $70,000 Or $300,000? What The Charts Are Saying
Bitcoin’s price trajectory has become a significant point of interest in light of the recent downtrend, which has disappointed many bullish traders. According to on-chain analytics platform IntoTheBlock, the recent price crash up to the current price has seen over 6.5 million BTC addresses falling into losses. Still, technical analysis suggests Bitcoin could experience further…
Ethereum Struggles Below $2K as Bitcoin Recovers—Will ETH Catch Up?
The cryptocurrency market has witnessed diverging performances between its two largest assets, Bitcoin (BTC) and Ethereum (ETH). While Bitcoin has shown signs of recovery, gaining 3.8% over the past two weeks and reclaiming the $85,000 price level, Ethereum has struggled to keep up. ETH remains below the $2,000 mark, a level it fell below last…
Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?
As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a record high of $3,000 per ounce on March 14. Bitcoin Gets Outshined By Gold 2025 has started on a shaky note for the world’s largest cryptocurrency.…
Bitcoin’s MVRV Ratio Nears Key Level—Will This Trigger a Major Reversal?
Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January. This…
Bitcoin Needs Weekly Close Above This Level To Confirm Market Bottom, Analyst Says
In an X post published yesterday, crypto analyst Matthew Hyland highlighted that according to the weekly timeframe chart, Bitcoin (BTC) is likely to test the support level between $69,000 to $74,000 in the coming months. Is The Bitcoin Bottom In? Hyland noted that BTC’s weekly resistance level currently hovers around the $90,500 level. The analyst…
Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In?
On-chain data shows Bitcoin and the altcoins have seen their trading volume decline recently, a sign that trader interest in the market is waning. Trading Volume Is Down Across The Cryptocurrency Sector In a new post on X, the on-chain analytics firm Santiment has discussed about how the trading volume has changed for the various…
Bitcoin’s Price at a Crossroads—Will It Break $86K or Drop to $64K Support?
Bitcoin’s price appears to be still struggling below key levels. So far, the asset still trades below $82,000 marking a slight uptick of 0.3% in the past day and a roughly 24.3% decrease away from its all-time high (ATH) above $109,000 registered in January. Amid this price performance, key price levels, particularly those that impact…
Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead?
Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency’s rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on…